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Greencastle, Indiana

In summer months, when trees are in bloom and DePauw University is on a more relaxed schedule, a walk along Greencastle's streets will evoke a time when homeowners cut their grass with push mowers and television had yet to supplant front-porch views. Sure, the city of 10,000 gleans plenty of 21st-century energy from the annual invasion of students, as well as the young families who choose it for its quick commute to downtown Indianapolis, just 45 miles away. But Greencastle offers old-fashioned advantages: a historically designated town center, an industrious American work ethic (a handful of plants here support the auto industry), a focus on community, and three soon-to-be National Register historic districts, collectively comprising hundreds of affordable homes.

The HousesThe Historic Old Greencastle District, the city's original residential settlement, is the most modest, with a prevalence of Stick-style and Craftsman bungalow homes. The Eastern Enlargement District, largely developed by railroad and industry tycoons at the turn of the 20th century, offers more upscale finds: Italianates, Queen Annes, Tudor Gothic Revivals, and slightly smaller homes with Eastlake details. The later Northwood District has a cache of early-to-mid-1900s homes, mostly Colonial Revivals, Tudors, and bungalows, with a sprinkling of mid-20th-century Minimal Traditional and Ranch. The average price among the homes sold in 2010 was a smidgen under $100,000.

Why Buy Here?A period home for less than a hundred thousand greenbacks with an easy commute to the 14th-largest city in the nation. 'Nuff said.